Tax News
July 2007

A progress report on the 20-year statute of limitations

As part of the enactment of AB 911, Franchise Tax Board now has a 20-year statute of limitations on the collection of tax liabilities (Revenue and Taxation Code Section 19255). Find out how many accounts and tax dollars have been written off in the year since its passage. / more+

FTB and IRS warn taxpayers of email tax scam<

Fraudulent emails phish for personal taxpayer information and identity theft. / more+

California Schedule K-1 redesign

We're changing our California Schedule K-1s to follow federal Schedule K-1s more closely, and we're adding a cross-reference chart. / more+

California's Compliance Resolution Program for 409A taxes

FTB's Compliance Resolution Program for 409A taxes parallels the IRS program. If you have clients whose employers could have participated in the program, but did not participate, your clients remain liable for the additional 409A 20 percent tax and interest on their 2006 California income tax returns. / more+

Head of Household audit letters begin arriving in July

Here they come - you'll start seeing Head of Household audit letters in mid-July. / more+

What's new at FTB? Our Speakers' Bureau can tell you

Does your group or organization need a presentation on registered domestic partners, or maybe the top audit issues? Our expert speakers are available to give you the latest information on these and 15 other topics - or you can suggest the topic. / more+

Notes from the Tax Practitioner Liaison

  • Introducing FTB's tax practitioner liaison.
  • Tax practitioner Hotline. / more+

Inside FTB

  • New contact for RAR workshops.
  • Where are the new subscription services? / more+

Criminal Corner

Our monthly summary on bringing tax criminals to justice, and closing the tax gap one case at a time. / more+

The buzz on big business

  • The California Research and Development Credit - is there a documentation requirement? / more+